Starting an IT business is not a cakewalk. There are many factors that are required to be considering before starting an IT venture. Entrepreneurs are required to be prepared, both mentally and financially, prior to engaging in the business. The preparation requires learning and considering the different aspects of the business before plunging in it. Every entrepreneur establishes a business with an objective to make it successful. Being successful in the IT business requires wisdom and perseverance along with smartness.
Bidding farewell to the old models
Rewind a few years and one would know that starting up is a difficult task to say the least. There are a million of things that go into IT Startups that seems to be impractical at times. While it is not easy to start up, there are some things that will make it seem like a cakewalk, indeed. For instance, the recently introduced BOMT Model by LTS. Earlier IT companies required huge amount of investments along with local knowledge, experienced employees, profitability issues, etc. However, things have changed for the better. The BOMT (Build-Operate-Market-Transfer) Model is something that every new age entrepreneur desired till date. The model takes care of everything while the Entrepreneurs concentrate on other pervading issues or objectives of the establishment.
The marketing edge offered by the new model
The BOMT Model is much more than the aged and discarded BOT Model, which has received a proper farewell by the IT industry. In comparison, the recently released model by LTS is perfect for all those Startups who want to make it big in the IT industry. While the Build, Operate and Transfer features of the Model are common to all the models available in the market today. However, the differentiating feature is the ‘Market’ Phase. This feature is an innovative one not provided till date in a manner as offered by the experienced professionals at the company. While the build phase takes care of establishing the set-up, the operate phase takes care of operational and management activities, the transfer phase refers to transferring the ownership. The Marketing Phase takes care of promoting the subsidiary in addition to marketing activities.
The importance of ‘marketing’ for Startups
Gone are the days when just establishing the IT business was enough to make profits. The present age is that of competition when there are thousands of start-ups being established offering the same product or service. Today, Entrepreneurs need to break the clutter by adopting the right marketing strategy. Startups are not only tight on budgets but also on the knowledge of marketing. Hence, professionals and experienced team on board at LTS offers the convenience of BOMT Model to the new ventures. Marketing helps new ventures to gain the attention of the industry, build the demand of the product and finally win the loyalty of customers. It helps establish a prominent presence in the cluttered industry of clones.
In Conclusion
New age businesses are readily adopting the BOMT Model. Outsourcing to experienced team is not only a smart idea but also profitable for both startups and entrepreneurs. It is time to take the step in the right direction!
About BOMT
BOMT(Build, Operate, Market, and Transform) model, It is an innovative hybrid partner product development that offers a low-risk, hassle-free, cost-effective global sourcing strategy. BOMT works exceptionally well with StartUps, Entrepreneurs and ISVs. It ensures incubation, development, Gestation and transformation support to increase revenue and maximize ROI in short span of time.
For more details about service i.e. BOMT please click here or write us at– enquiry@leosys.net.
About LTS
LTS is Outsourced Software Product Development Company with innovation centers in LA, Chicago and India. The Company expertise covers BI, SaaS based applications, Cloud Computing, Migration, Integration, Cross Platform, Testing, Mobility, Big Data, Product Development, SharePoint, SaaS Tenant and IoT Integrations.
To know more about LTS, contact us at enquiry@leosys.net or call us at 407-965-5509.